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Title: Verizon agrees to buy Yahoo for $4.83 billion Post by: HCK on July 26, 2016, 04:05:21 pm Verizon agrees to buy Yahoo for $4.83 billion
Yahoo has agreed to sell its core business to Verizon for $4.83 billion, signaling an end to one of the internet's most pioneering companies as a standalone entity. Under the deal, Verizon will acquire Yahoo's search, mail and instant messaging services, along with its ad platform and a few real estate holdings. Yahoo's ad business and digital content services — including Yahoo Finance and Yahoo Sports — will be of significant value to Verizon as it looks to expand its offerings in this space following the acquisition of AOL last year for $4.4 billion. The move puts Verizon behind Google and Facebook in the U.S. digital ad segment, with a total share of 4.5%. Yahoo will retain its stake in Chinese internet giant Alibaba and Yahoo Japan, which have a combined value of over $40 billion. CEO Marissa Mayer isn't likely to join Verizon, but she will receive a severance package valued at $57 million. Verizon to acquire Yahoo's operating business BASKING RIDGE, N.J., and SUNNYVA... Source: Verizon agrees to buy Yahoo for $4.83 billion (http://feedproxy.google.com/~r/TheIphoneBlog/~3/7Kz_C3Kpbx4/verizon-agrees-buy-yahoo-483-billion) |